Century Jia Yuan net revenue 134.3 million Yuan Rose 20.5%

Absrtact: June 4 News, Century Jiayuan released its first-quarter earnings as of March 31, 2014. Century Jia Yuan net revenue 134.3 million yuan (21.6 million U.S. dollars), year-on-year growth of 20.5%, the same period last year 111.5 million yuan, the chain growth of 0.9%, the last quarter of 133.1 million yuan

June 4 News, Century Jiayuan today released the first quarter as of March 31, 2014 's earnings. Century Jia Yuan net revenue 134.3 million yuan (21.6 million U.S. dollars), year-on-year growth of 20.5%, the same period last year 111.5 million yuan, the chain growth of 0.9%, The last quarter is 133.1 million yuan, century Jia yuan net deficit 13.9 million yuan (2.2 million U.S. dollars), the same period last year, net profit of 7.9 million yuan, turn deficit.

It is noteworthy that century Jiayuan in the first quarter of 2014 sales and market costs of 83 million yuan (13.4 million U.S. dollars), compared with the first quarter of 2013 44.1 million yuan year-on-year growth of 88.1%, compared with the fourth quarter of 2013, the renminbi 4, 4.3 million yuan on the chain grew 87.4%. Year-on-year and the growth of the chain is mainly because the company in the 2014 Spring Festival during the launch of the TV brand advertising. The increase in advertising costs has also resulted in a net loss of 13.9 million yuan (2.2 million U.S. dollars) in the first quarter, with a profit of 7.9 million yuan over the same period last year.

Highlights of the first quarter of 2014

Net income reached 134.3 million yuan (USD 21.6 million) in the first quarter of 2014, up 20.5% per cent year-on-year.

In the first quarter of 2014, the operating loss was RMB 20.7 million (USD 3.3 million), compared with the first quarter of 2013 operating profit was 9.4 million yuan. Non-US general accounting standards for the first quarter of 2014 [Statement on financial data of the company non-US GAAP and related adjustments to the financial data of the United States General accounting standards See "Non-US GAAP disclosures" and "unaudited concise consolidated full income Statement".

Operating loss of 19 million yuan (3.1 million U.S. dollars), compared to the first quarter of 2013, non-US general accounting standards operating profit of 13.5 million yuan.

The net loss in the first quarter of 2014 was RMB 13.9 million (USD 2.2 million), compared with the net profit of 7.9 million yuan in the first quarter of 2013. Non-US GAAP net loss in the first quarter of 2014 was RMB 12.3 million (USD 2 million), compared to the first quarter of 2013 non-US general accounting standards net profit of 12.1 million yuan.

Average number of active users per month [active users refer to a natural month in which registered users log on to the century Jiayuan platform at least 1 times or new registered users log on to the century Jiayuan platform after the registration day. In the first quarter of 2014, the average number of active users per month included the century Jiayuan net, the true love network, the absolute 100 marriage network, and the Courtship network data. ] of 5.4 million, compared with the 5.2 million growth of 4.1% in the first quarter of 2013, the quarter-on-quarter growth of 9.7%.

2014 First quarter operating results

The average monthly active user in the first quarter of 2014 was 5,399,646, compared with the quarter of 5,188,638,2013 in the first quarter of 2013 to 4,920,553.

Average number of subscribers per month in the first quarter of 2014 [in the first quarter of 2014, the average monthly number of subscribers included the century Jiayuan net, the true love net, the absolute 100 marriage net, and the courtship net data. ] is 1,452,377, compared with the first quarter of 2013 for 1,279,063,2013 year quarter of 1,382,873.

In the first quarter of 2014, the average monthly contribution per paid user (ARPU) was RMB 23.9, compared with 26.1 yuan in the first quarter of 2013, and 25.3 yuan in the fourth quarter of 2013.

Financial results for the first quarter of 2014

In the first quarter of 2014, net income was RMB 134.3 million (USD 21.6 million), which grew 20.5% compared with RMB 111.5 million in the first quarter of 2013, and 133.1 million yuan in the last quarter. The year-on-year increase in net income is mainly due to the rapid expansion of one-to-one matchmaking services and the steady development of online services.

In the first quarter of 2014, net revenue for online services was RMB 107.1 million (USD 17.2 million), representing 79.8% per cent of total net income, compared with 100.2 million yuan in the first quarter of 2013 to 6.9% Yuan, a slight decline in the renminbi in the fourth quarter of 2013. Year-on-year growth was mainly attributable to a 13.6% per cent increase in the number of paid subscribers.

In the first quarter of 2014, the net income of one-to-one matchmaking service was RMB 22.4 million (USD 3.6 million), which accounted for 16.7% of total net income, 9.4 million yuan in the first quarter of 2013, and 139.1% yuan in the fourth quarter of 2013. Year-on-year and chain growth have benefited from the continued increase in the number of one-to-one matchmaking service centers and the number of cities covered.

In the first quarter of 2014, net income for offline activities and other services was RMB 4.8 million (USD 772,000), representing 3.5% of total net income, compared with 2 million yuan in the first quarter of 2013 145.9%, compared with 5.8 million yuan in the fourth quarter of 2013. The increase was mainly due to the introduction of more sponsorship and advertising on the company's website for offline activities. The fall in the chain was mainly due to a decrease in the number of offline activities this quarter.

2014 first quarter sales cost of 53.2 million yuan (8.6 million U.S. dollars), compared with the first quarter of 2013 37.9 million yuan year-on-year growth of 40.3%, compared to the fourth quarter of 2013, 52.3 million yuan growth 1.8%, The growth of the century reflects the investment in the development of one-to-one matchmaking and online services, consistent with the growth in net income.

In the first quarter of 2014, gross profit was RMB 81.1 million (USD 13 million), which grew 10.2% compared with 73.6 million yuan in the first quarter of 2013, compared with 80.8 million yuan in the fourth quarter of 2013. Year-on-year and chain growth were consistent with the growth in net income.